19.05.2011 - Hong Kong Commodity Exchange to challenge CME, LME
The first day of trading at the Hong Kong commodity Exchange promised a lot for the entire Asian region as nearly 1500 1 kg gold futures contracts were traded till afternoon Wednesday. The Exchange, presently offering only 1 kg gold futures will start a silver contract in July followed by products involving precious and base metals, agriculture and energy. Commodity indexes are also in the pipeline. Analysts said the HKME will challenge other established bourses in Europe and US, like the NYMEX, CME and LME..............................................Full Article: Source
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